Meme coin is an immutable token developed on the Ethereum blockchain following the interest shown in the field of decentralized finance. Meme Coin, which was introduced in August 2020, came to life as a joking reaction to the sudden rise and fall during the high popularization of DeFi token trading. This project, which is not tied to a specific company and does not offer any kind of work, seems to have no purpose other than to exist for its own sake. The developers of the meme coin clearly state that this token has no real value.
The clearest feature of this coin is that it does not work at all. It’s totally there for investors to be able to do classic DeFi trading, and the fact that there’s no other project behind it that adds value to it. However, this project also spread quickly and its influence increased inexorably.
In this respect, the actual value of the coin is not a real data for investors. It is thought that behind this satirical project attracting attention in this way are DeFi investors who are accustomed to earning passive income from tokens by generating returns, regardless of the purpose for which the tokens are used.
For this reason, the reason for the emergence of Meme Coin is not for its developers to make another profit different from its own existence, but it may disappear at any time depending entirely on the whims of the investors.
What are the popular meme coins?
Dogecoin was the meme coin that made the biggest noise when it was released. Dogecoin, which is supported by Elon Musk, is a crypto currency on which different studies have been carried out. It has been conveyed by the developers that the speed will reach the highest level with the latest updates in 2021. Shib coin is one of the popular memes and introduces itself as DOGE killer. Although the Shiba coin is an experiment, it aims to create a large bitcoin community for itself and at the same time to increase the price with their support.
DOGET Coin is known to work within the framework of Steller and is a coin that emerged with the slogan of the environmentalist meme coin. It is known as a project that stands out for its speed, low cost and high efficiency. The DOGET project, which has a large following that supports it, advocates the idea of earning coins by minimizing energy costs.
Finally, the meme coin that we can give as an example is MoneCoin. In fact, it is a blockchain-based crypto that excels in Japan. MonaCoin can be an ideal choice for those who want to find cryptocurrencies that have this kind of stability and have a real use case. One of the reasons for the popularity of this technology is that it is accepted as a means of payment in Japan. Blockchain allows transactions to be processed faster than blockchain and therefore provides an advantage in the market.
Dogecoin, SHIBA and Thousands: Meme Coins Reach Millions
The function of a Meme-Coin can be quite variable. For example, the fact that #Shib is on the agenda all over China, the 55 million people who are discussing the Shiba Inu Token, brings many questions to mind, while thousands of people were voicing a very basic question: “Where and how did you get it?”
Following the great success of Dogecoin, Shiba also emerged by calling itself Dogecoin-Killer and attracted the attention of millions. Many people may be surprised by the developments: Dogecoin and Shiba Token have surpassed thousands of powerful projects, impressing everyone with their market size. The furore that started with Dogecoin, which debuted in 2013, continues to drag the masses after it every day.